Camden Property Trust (CPT) Shares Bought by Foster & Motley Inc.

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Foster & Motley Inc. increased its stake in shares of Camden Property Trust (NYSE:CPT) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,485 shares of the real estate investment trust’s stock after acquiring an additional 4,151 shares during the quarter. Foster & Motley Inc.’s holdings in Camden Property Trust were worth $3,829,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Macquarie Group Ltd. boosted its holdings in Camden Property Trust by 20.1% in the 3rd quarter. Macquarie Group Ltd. now owns 276,659 shares of the real estate investment trust’s stock valued at $25,887,000 after purchasing an additional 46,220 shares during the period. Arizona State Retirement System increased its position in Camden Property Trust by 2.3% during the 3rd quarter. Arizona State Retirement System now owns 65,895 shares of the real estate investment trust’s stock worth $6,166,000 after purchasing an additional 1,484 shares in the last quarter. Mackenzie Financial Corp acquired a new position in Camden Property Trust during the 3rd quarter worth approximately $234,000. Prudential Financial Inc. increased its position in Camden Property Trust by 14.4% during the 3rd quarter. Prudential Financial Inc. now owns 901,806 shares of the real estate investment trust’s stock worth $84,382,000 after purchasing an additional 113,309 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in Camden Property Trust by 716.8% during the 3rd quarter. GSA Capital Partners LLP now owns 19,406 shares of the real estate investment trust’s stock worth $1,816,000 after purchasing an additional 17,030 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently issued reports on CPT. Zacks Investment Research upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Thursday. Mizuho upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Wednesday, January 23rd. SunTrust Banks upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, January 15th. Mitsubishi UFJ Financial Group upgraded shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and upped their price target for the company from $92.00 to $96.00 in a research report on Friday, January 4th. Finally, Janney Montgomery Scott upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Wednesday, December 19th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $96.50.

In related news, Director William F. Paulsen sold 11,344 shares of the stock in a transaction on Friday, December 21st. The shares were sold at an average price of $89.38, for a total transaction of $1,013,926.72. Following the transaction, the director now directly owns 2,890 shares of the company’s stock, valued at $258,308.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard J. Campo sold 63,000 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $94.69, for a total transaction of $5,965,470.00. Following the transaction, the chief executive officer now directly owns 230,393 shares in the company, valued at $21,815,913.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,659 shares of company stock worth $9,758,784. Insiders own 3.90% of the company’s stock.

Shares of NYSE:CPT traded down $0.14 during trading on Thursday, reaching $96.43. The stock had a trading volume of 198,839 shares, compared to its average volume of 433,621. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.20 and a current ratio of 0.20. Camden Property Trust has a 52 week low of $78.19 and a 52 week high of $96.88. The firm has a market cap of $8.94 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.93 and a beta of 0.44.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 17th. Stockholders of record on Monday, December 17th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Friday, December 14th. Camden Property Trust’s dividend payout ratio is currently 67.99%.

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Camden Property Trust Company Profile

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 159 properties containing 54,480 apartment homes across the United States.

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Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT).

Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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